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New levy may yield bitter harvest for agri, seafood sector
April 04, 2025
|Hindustan Times Mumbai
India's shrimp, basmati rice, and buffalo meat exports to the US—a trade worth billions—face fresh uncertainty as President Donald Trump slapped a 27% "reciprocal tariff" on Indian imports taking effective tariffs to 31-32%.
NEW DELHI:
The move could erode India's price advantage, disrupt supply chains, and open the door for rival exporters from Canada, Mexico and South America.
The US is India's top market for agricultural goods, with bilateral farm trade totaling $6.6 billion in 2024. India exported roughly $5 billion worth of agricultural products to the US.
هذه القصة من طبعة April 04, 2025 من Hindustan Times Mumbai.
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